The UWB Market is estimated to grow from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 19.6%. Major factors driving the growth of the UWB market include the rising demand for UWB technology in RTLS applications, the growing deployment of this technology in mobile devices, and the increasing adoption of the Industrial Internet of Things (IIoT).

In 2019, the UWB Market was mainly dominated by Decawave (acquired by Qorvo Inc.(US)), Apple (US), 5D Robotics (US), Pulse~LINK (US), BeSpoon (France), Zebra Technologies (US), NXP Semiconductors (Netherlands), Texas Instruments (US), Johanson Technology (US), Alereon (US), LitePoint (US), Fractus Antennas (Spain), Nanotron Technologies (Germany), Samsung Electronics (South Korea), Sony (Japan), Ubisense (UK), Alteros (Ohio), and Starix Technology (US). These players have adopted various growth strategies, such as product launches and developments, and acquisitions to further expand their presence in the Global UWB Market. Product launches and developments have been the most adopted strategies adopted by major players from 2017 to 2019, which helped them to innovate on their offerings and broaden their customer base.

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Decawave (Ireland) is the dominant player in the Global UWB Market. The company is engaged in designing and manufacturing of integrated circuits for real-time location and communication systems based on its UWB wireless technology platform. UWB products offered by Decawave support the IEEE802.15.4-2011 standard and offer precision in line-of-sight applications. The company offers a UWB-based DWM1000 chip. Decawave opened its first office in the US in 2014 to expand its geographical reach and also has regional offices in California (US) and China and marks presence in South Korea, France, and Japan.

Apple (US) is a major player in the UWB Market. The company designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, as well as offers a wide range of related services. The company operates through 2 segments, namely, Products and Services. The company has designed U1 chips that use ultra-wideband technology for spatial awareness, e.g., allows iPhone 11 to precisely locate other U1-equipped Apple devices. These chips are currently used in iPhone 11 and iPhone 11 Pro. Apple expanded the number of retail locations and its geographical coverage, with 506 stores across 25 countries worldwide as of 2018.

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